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It’s actually old news, from Trader-Jack‘s website.

I do sincerely wish everyone gets back their money.

September 30, 2005

Dear Friends and Members of Trader Jack:

Unfortunately after trying for the better part of the last 2 weeks we have found no way to salvage and continue with our current site. The script we’ve been using to run the Trader Jack website simply cannot support the the site traffic or the weight of the database. Last weekend we seriously overpaid withdrawal requests by 2x, 3x, and in some cases, 4x the amount owed because the database multiplied these requests as a result of the strain and data corruption.

We knew from the beginning that the script would only take us so far and engaged a development team in June to construct a custom full-featured site that would meet all of our current and future requirements. As it turns out, these scam artists have been leading us on the whole time and in actuality, have just stolen our money and delivered absolutely nothing. The development team is DGC-SOFT ( http://DGC-SOFT.COM ) and if you can, please warn others that they are thieves before some other company gets hurt by their unscrupulous business practices.

With our current site inoperable and the site we were having built no longer an option, we’ve been forced to engage another highly recommended development firm. Unfortunately it will take at least a month to deliver anything that will allow us to reopen Trader Jack.

To accommodate all members who have exercised tremendous patience with us, we’ve decided to liquidate all storage balances and pending exchanges regardless of term commitments. In addition, we’ve continued to pay your normal storage exchange earnings through Sept 30th (with the exception of the last 2 weekend days – Saturday and Sunday) as a thank you for your patience and with the hope that you will rejoin us once our new site is complete.

The liquidation process will begin on Monday, October 3rd after we’ve had the weekend to complete our work in reviewing every transaction recorded every day for each of our nearly 5000 accounts to ensure accuracy. We will automatically send payment systematically to each member’s e-currency account on record with us. Please understand that many members have stored e-currency with us for 30, 60 and 90 days and, while we’ve already begun the process, it will take a little time to liquidate everything from our reserves and exchange to the e-currency that will be used to send payment. As a result, the process will work as follows:

1. Incremental daily liquidation payments of your stored principal will be made to each member as a % of what we’ve liquidated ourselves each day. In other words, the amount we receive each day will be split up among all members and paid as a % of their overall storage amount. These payments will continue each day until all principal storage amounts have been liquidated.

2. Once all members’ principal has been liquidated we will liquidate the storage exchange earnings associated with storage in the same fashion as above.

3. Once all members’ principal and storage exchange earnings have been liquidated we will liquidate ay referral earnings due to members in the same fashion as above.

It is in everyone’s best interest to get this done as quickly as possible and liquidation will be our only focus going forward…at least until it is complete. As a further accommodation, if you would like your liquidation to be in an e-currency other than that in which is was deposited, please send an e-mail to liquidate@trader-jack.net and we will send it to you in the e-currency of your choice.

For questions about the liquidation process please send an e-mail to liquidate@trader-jack.net

For all other questions please send an e-mail to support@trader-jack.net

Thank you for your understanding during this very difficult time and we hope to see you again once the new Trader Jack launches.

Be sure to check back here for any future updates.

Jack

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